BoE: A quarter per quarter – Rabobank
Source Fxstreet
The Bank of England’s MPC cut the benchmark rate by 25bp to 4.75%. This was fully expected by analysts and markets. The vote was split 8-1, with only Mann dissenting, Rabobank’s Senior Macro Strategist Stefan Koopman notes.
The next cut to 4.50% to commence in February
“The theme of gradualism remains key. Governor Bailey gave no spoilers, but we continue to interpret this as a quarter per quarter. We expect the next cut to 4.50% in February.”
“The MPC thinks the Budget adds to both growth and inflation, so it can’t cut interest rates too quickly or by too much. That said, it also thinks inflation will be under control with Bank rate falling to 3.7% by the end of 2025.”
“We also forecast Bank rate ending up at 3.75% in late 2025.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the November meeting.
Some clubs have lots of members. Others are more exclusive. Few, though, are as hard to get into as the $1 trillion club. To be admitted, a company must have a market cap containin
Crude Oil dips on Trump bearishness while Gulf output stallsCrude Oil dips for a second day in a row on Thursday as commodity traders assess the impact of the Trump trade on Oil prices in the long term. US President-elect Donald Trump has vowed to boost shale Oil production in the US, which would add more
Crude Oil dips for a second day in a row on Thursday as commodity traders assess the impact of the Trump trade on Oil prices in the long term. US President-elect Donald Trump has vowed to boost shale Oil production in the US, which would add more
Justin Sun Applauds Crypto’s Victory, Offers Hiring SEC’s Chairman Gary GenslerTron’s founder, Justin Sun, took X to congratulate the newly elected 47th president of the United States, Donald Trump. The pro-industry Republican candidate’s victory has ignited speculation about the sector’s new era, including the future anti-crypto regulators like Securities and Exchange Commission (SEC) chairman Gary Gensler. Related Reading: Spot Bitcoin ETFs Record Second Largest Single-Day […]
Tron’s founder, Justin Sun, took X to congratulate the newly elected 47th president of the United States, Donald Trump. The pro-industry Republican candidate’s victory has ignited speculation about the sector’s new era, including the future anti-crypto regulators like Securities and Exchange Commission (SEC) chairman Gary Gensler. Related Reading: Spot Bitcoin ETFs Record Second Largest Single-Day […]
If you're investing any amount of money in any stock today, you should be thinking about what it might look like in 20 years. Too far out to envision? While, it definitely sounds l
